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Time Magazine Parent Rules Out Unit's Sale

By

Nat Worden

Updated May 27, 2010 5:03 p.m. ET

NEW YORK—Time Warner Inc. Chief Executive Jeff Bewkes ruled out a sale of the company's magazine publishing unit, Time Inc., in 2010 as the recovering economy promises to provide clues about the future of the business in a digital media world.

Time Inc. took a beating along with the rest of the magazine industry last year as a long-term malaise in publishing turned into a rout amid the global financial crisis, the consumer-led recession and widespread concerns about the industry's ability to survive the rise of the Internet....